CMBS conduit loan originations at midyear are on pace with a year earlier, as measured by CMBS securities issuance. CMBS conduit issuance as of June 30, 2017 totaled $38.8 billion compared with $30.7 billion a year earlier. After a slow start to 2017, volume picked up in the second quarter. CMBS … [Read more...] about 7.7.17: Pace of CMBS Conduit Loan Originations on Par with a Year Earlier
7.3.17: Gross Profit Margins Now Transparent for CMBS Issues
Risk-retention rules have made the accurate calculation of gross profit margins for CMBS issues possible. Although the results do not include transaction expenses, the gross profit indications are more accurate than previous methods to “reverse engineer” the pricing results of the public bonds and … [Read more...] about 7.3.17: Gross Profit Margins Now Transparent for CMBS Issues
6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
Hilton Worldwide Holdings (Hilton) opened its first Tru by Hilton Hotel in Oklahoma City in May. The new mid-priced brand is pricing rooms at less than $100 to attract cost-conscious travelers such as millennials. The larger lobbies and amenities such as craft beer and pool tables encourage communal … [Read more...] about 6.28.17: Hilton’s Tru Brand Latest Entrant into Crowded Hotel Franchise Space
6.23.17: Don’t Forget: CMBS Conduit Loan Rates Are Listed on Our Website
CMBS conduit loan rates are listed on our website at valuexpress.com every Monday. To access our CMBS conduit loan rate sheet from the ValueXpress home page, click on “Loan Rate Sheet,” which is located at the lower right corner of the home page. On the new page that appears, you will be instructed … [Read more...] about 6.23.17: Don’t Forget: CMBS Conduit Loan Rates Are Listed on Our Website
6.21.17: Houston Awaits Hotel Market Recovery
A recently released report identified Houston, Texas as one of the most troubled markets within the Kroll Bond Rating Agency (KBRA) ratings universe, which covers most major U.S. metropolitan areas. KBRA’s observations of the top 25 lodging markets revealed that loans within the Houston MSA were … [Read more...] about 6.21.17: Houston Awaits Hotel Market Recovery
6.15.17: Is the Mall at University Town Center the Last in Our Lifetime?
Class A mall developer Taubman Centers Inc. opened what might be the last newly constructed mall for a long time. The property, University Town Center, is an 862,000-square-foot mall that Taubman started in 2004, but construction was slowed by financial crisis and it finally opened in October 2015. … [Read more...] about 6.15.17: Is the Mall at University Town Center the Last in Our Lifetime?
6.9.17: Industrial Warehouse Buildings Are Hot!
Industrial warehouse real estate is one of the hottest sectors in commercial real estate this year, with e-commerce boosting demand. Many markets are reporting industrial building space is being gobbled up quickly, with Amazon leading the way. In New Jersey, 9.4 million square feet of industrial … [Read more...] about 6.9.17: Industrial Warehouse Buildings Are Hot!
6.5.17: Redevelopment Strategies for Former Department Stores
With reports of department store closings now routine, particularly in mall locations, mall owners are actively redeveloping these spaces for alternative uses in strong markets. CBL & Associates recently redeveloped a vacant Sears store at Fayette Mall in Lexington, Kentucky, into a total of 20 … [Read more...] about 6.5.17: Redevelopment Strategies for Former Department Stores
6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners
Most franchised select service and full-service hotels require on-site restaurants to comply with franchise requirements. However, most hotel owner/operators consider running a hotel restaurant a necessary evil, and most hotel restaurants do not make money. In addition, hotel guests do not care to … [Read more...] about 6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners
5.27.17: Furnished Apartment Deals Are Okay in CMBS
We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is well known to have a growing … [Read more...] about 5.27.17: Furnished Apartment Deals Are Okay in CMBS
